The Federal Trade Commission supports the Department of Education's plan to promote competition among accreditation agencies, potentially lowering costs and improving quality for millions of students.
The Federal Trade Commission strongly endorsed the Department of Education’s proposed reforms to promote competition among accreditation agencies.
The Federal Trade Commission strongly endorsed the Department of Education’s proposed reforms to promote competition among accreditation agencies. Increased competition among accreditors and lower administrative burdens could lower the cost and improve the quality of higher education for millions of American students.
In a comment filed on Monday , the directors of the Office of Policy Planning and Bureau of Competition applauded the Department’s initiative. Drawing on the Commission’s decades of experience in evaluating accreditation and occupational licensing schemes, the comment concludes that accreditation monopolies drive up tuition costs, limit consumer choice and stifle innovation.
